Is Malta, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Malta is a buyer's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Malta was a Seller's Market.

Key Takeaway

Malta is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Malta, IL

How much do homes in Malta, IL cost?

Median Sold Price

$222,500

$141/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$1,500(-0.7%)

Key Takeaway

Homes in Malta have sold for 0.7% less than they did a year ago.

Summary: The median home sold price in Malta was $222,500 in April 2024, down 0.7% from last year, and the median price per square foot was $141.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $87.5K$156.7K
+79.1%
3 $221.5K$242.2K
+9.4%
4 $245K$297.5K
+21.4%
5+ $255K$176.6K
-30.7%

Summary: Malta housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 79.1%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes decreased by 30.7%.

Median Sold Price Compared To Nearby Cities

Malta
-0.7%
Malta Township
-1.1%

Housing Supply in Malta, IL

How many homes are available in Malta, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
98-11.1%

Summary: The Malta real estate market had 8 homes for sale in April 2024, a 11.1% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 11
0.0%
3 43
-25.0%
4 33
0.0%
5+ 11
0.0%

Summary: The Malta housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Malta, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Malta in April 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Malta, IL

How long does it take to sell a home in Malta, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
125 Days5 Days-96.0%

Summary: Homes in Malta had an average of 5 days on market in Apr 2024, down by 96% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Malta are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 1 homes were sold in Malta; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 6 Days Ago

Newest Listings in Malta, IL

Nearby Markets to Malta, IL